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Properties, Plant and Equipment
6 Months Ended
Jun. 30, 2014
Property, Plant and Equipment [Abstract]  
Properties, Plant and Equipment
Properties, Plant and Equipment
 
During the six months ended June 30, 2014, the Company made capital expenditures totaling approximately $2.2 million. Approximately $0.6 million was primarily for the design and construction of the heap leach expansion and related infrastructure upgrades. In June 2014, the Company closed escrow in the amount of approximately $0.2 million on the purchase of property for 5 vacant lots near the mining and processing operation. The Company also incurred debt obligations to acquire mining vehicles and equipment with a cost of $1.3 million.
 
During the six months ended June 30, 2014, the Company sold vehicles previously used in mining operations with a gross book value of $425,449 incurring a loss of $45,499. The loss is included in general and administrative expenses in the condensed consolidated statements of operations.
 
Depreciation expense for the three and six month periods ended June 30, 2014 was $1.3 and $2.7 million, respectively.